Company: Netflix Inc.
 Data for the year ended December 31, 2023:

Item	Amount
Revenue	$45,000,000,000
Cost of Goods Sold	$20,000,000,000
Operating Expenses	$15,000,000,000
Income Tax Expense	$5,000,000,000
Net Income	$5,000,000,000
Total Assets	$70,000,000,000
Total Liabilities	$30,000,000,000
Shareholders' Equity	$40,000,000,000

Requirements:

1. Calculate Netflix's gross profit margin.
2. Determine Netflix's operating profit margin.
3. Analyze the impact of income tax expense on Netflix's net income.
4. Evaluate how Netflix recognizes revenue from streaming subscriptions.
5. Explain the significance of the Income Measurement Objective in Netflix's financial reporting.
6. Discuss Netflix's debt-to-equity ratio and liquidity position.
7. Analyze the impact of Netflix's financial performance on its content acquisition strategy.